Market research

Padlocks market in Lithuania

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Lithuanian market for base metal padlocks showed high volatility from 2018 to 2024. It began at 1 194 thousand USD in 2018, then contracted over two years to 773 thousand USD in 2020. A strong recovery followed, lifting the market to 1 084 thousand USD in 2021 and then to a peak of 1 625 thousand USD in 2022. However, this expansion reversed, with the market falling to 1 314 thousand USD in 2023 and further to 960 thousand USD in 2024.

Domestic production remained modest throughout the period, staying below 100 thousand USD except for a rise to 97 thousand USD in 2023. Imports, which form the bulk of supply, fluctuated in line with overall market size, reaching 1 831 thousand USD in 2022 before dropping to 1 052 thousand USD in 2024. Exports declined steadily after 2019, from 574 thousand USD to 168 thousand USD in 2024, influencing net market calculations.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Lithuania
  1. 5.1.1. In kind, 2018-2024, unit
  2. 5.1.2. In value, 2018-2024, $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production padlocks in Lithuania

In value, 2018-2021, $ US

In 2021, Lithuania's padlock production was valued at 65 077 US dollars, marking a significant 64.7% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 31.4%, with an average annual growth rate of 9.5%. The lowest production value was recorded in 2020 at 39 505 US dollars, which also saw the largest decline of 35.9% during this timeframe.

Annual dynamics of production in Lithuania in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	24.4%	(35.9%)	64.7%	9.5%

Source: SHEV.io

Exports padlocks from Lithuania

Exports in kind, t

Padlock exports from Lithuania declined for the second consecutive year in 2021, with volumes reaching 42.1 tonnes, a slight decrease of 0.8% from the previous year. Over the 2018-2021 period, exports increased by 24.3%, averaging 7.5% growth per year. The peak export volume was recorded in 2019 at 44.9 tonnes, which also saw the largest increase of 32.4%. The most significant decline occurred in 2020, with a drop of 5.4%.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	32.4%	(5.4%)	(0.8%)	7.5%

Source: SHEV.io

Between 2018 and 2021, Belarus, Latvia, and Russia were the top destinations for Lithuania's padlock exports by volume. Belarus accounted for 44.9% of exports, Latvia for 28.6%, and Russia for 17.3%. Together, these three countries represented 90.9% of Lithuania's total padlock export flows during this period.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Lithuania in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Lithuania's padlock export value declined for the second year in a row in 2021, reaching 418 000 US dollars, which remained broadly stable compared to 2020. From 2018 to 2021, exports increased by 14.8%, with an average annual growth rate of 4.7%. The highest export value was recorded in 2019 at 574 000 US dollars, which also saw the largest increase of 57.6%. The most significant decline occurred in 2020, with a drop of 27.0%.

Annual dynamics of product's exports from Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	57.6%	(27.0%)	(0.2%)	4.7%

Source: SHEV.io

From 2018 to 2021, Russia, Latvia, and Belarus were the main markets for Lithuania's padlock exports by value. Russia accounted for 55.4% of export value, Latvia for 16.5%, and Belarus for 14.2%. Collectively, these three countries absorbed 86.1% of Lithuania's total padlock export value during this timeframe.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Lithuania in value, 2018-2021

Source: SHEV.io

Imports padlocks to Lithuania

Imports in kind, t

In 2021, Lithuania imported 128.5 tonnes of padlocks, reflecting a moderate year-over-year decline of 9.3%. Over the 2018-2021 period, imports decreased by 17.2%, with an average annual decline of 6.1%. The largest drop occurred in 2019, with a decrease of 10.0%, while the most significant increase was recorded in 2020, with a rise of 1.4%.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(10.0%)	1.4%	(9.3%)	(6.1%)

Source: SHEV.io

Between 2018 and 2021, China, Russia, and Poland dominated Lithuania's padlock imports by volume. China accounted for 58.3% of imports, Russia for 12.3%, and Poland for 11.9%. Together, these three countries represented 82.5% of Lithuania's total padlock import flows during this period.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Lithuania in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After two years of decline, Lithuania's padlock import value increased in 2021, reaching 1 436 000 US dollars, equivalent to a 24.6% gain compared to the previous year. Over the 2018-2021 period, imports decreased by 4.8%, with an average annual decline of 1.6%. The lowest import value was recorded in 2020 at 1 153 000 US dollars, which also saw the largest decline of 20.4% during this timeframe.

Annual dynamics of product's imports to Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.0%)	(20.4%)	24.6%	(1.6%)

Source: SHEV.io

From 2018 to 2021, China, Estonia, and Poland were the principal suppliers of padlocks to Lithuania by value. China accounted for 27.4% of import value, Estonia for 15.8%, and Poland for 12.8%. Collectively, these three countries represented 56.0% of Lithuania's total padlock import value during this period.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Lithuania in value, 2018-2021

Source: SHEV.io